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5921 South Freeway

Younger Partners Brokers 58-Acre Land Sale In Fort Worth To Industrial Reserve
SOLDLand

Younger Partners Brokers 58-Acre Land Sale In Fort Worth To Industrial Reserve

5921 South Freeway

Building Size

Asset Type

Land

Closing

Feb 22, 2024

AI

A 58-acre site near Interstates 20 and 35W in southwest Fort Worth has been sold for future development. The property is strategically located near major employers like Alcon Laboratories and Miller Coors, making it an appealing investment opportunity. The sale was brokered by Younger Partners, showcasing the site's potential for growth.

Summary of transaction details:

The deal's key individuals involved in the transaction were Justin Toon from Industrial Reserve representing the buyer and Carter Crow & Michael Ytem from Younger Partners representing the seller. With their expertise, the sale of the 58-acre site was successfully facilitated, ensuring a promising future for the property.

Players

Michael Ytem

Younger Partners

Broker

8 deals

Broker

Fort Worth Land Market Snapshot

Boundary boundary · Land · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93